9 hours agoCitizens Property Insurance board approves a 14% price increase for policy holdersIn a unanimous vote Wednesday morning, the Citizens Board of Governors approved a 14% price hike for policy holders -- covering single family homes, condominiums, mobile homes and rental properties.
TELL US: Are you one of the many Floridians self-insuring your home because of the rising cost of insurance?A recent survey by the Insurance Information Institute shows an alarming trend that 15% to 20% of Florida homeowners are scrapping coverage and self-insuring their homes.
Citizens Property Insurance policyholders get letters in the mail asking them to switchCitizens property insurance policyholders are getting letters in the mail asking them to switch to private insurance companies. The state-backed "insurer of last resort" is switching 300,000 policies.
TELL US: Have you experienced an increase in your property insurance rates, or has your insurance company dropped you altogether?It’s no secret that Florida is in the middle of a property insurance crisis. In fact, Florida lawmakers are working on solutions, including hiring a consultant.
